Ship Recycling: Few Sales Confirmed
In its Week 3 market report, cash buyer GMS says that even as vessel prices have improved from the lows seen towards the end of 2023 and plate prices made a massive jump in Bangladesh over the last couple of weeks, only a trickle of sales have been confirmed into the recycling markets in 2024 thus far.“There also seems a reluctance from ship owners to bite at current offers in the low USD 500s/LDT, having seen levels around USD 100/LDT higher only a couple of quarters ago.
Australia Recalls Livestock Carrier Destined for Middle East
The Australian Government has recalled the livestock carrier Bahijah after it diverted from the Red Sea over a week into its voyage to the Middle East.The Bahijah loaded cattle and sheep in Fremantle, Western Australia, and departed for the Middle East on January 5, 2024. The vessel has an Israeli company name painted in large letters along the side of the hull.At the time of departure, the Department of Agriculture…
US Strikes Another Houthi Anti-Ship Missile
U.S. Central Command forces on Saturday struck a Houthi anti-ship missile that was aimed into the Gulf of Aden and prepared to launch, the U.S. military said, with the latest round of strikes coming hours after the United States struck three other Houthi anti-ship missiles."U.S. forces determined the missile presented a threat to merchant vessels and U.S. Navy ships in the region, and subsequently struck and destroyed the missile in self-defense," the U.S.
UK to Upgrade Warship Defence Missile System used in Red Sea
Britain's Ministry of Defence said on Sunday it would spend 405 million pounds ($514 million) to upgrade a missile system now being used by the Royal Navy to shoot down hostile drones over the Red Sea.The Sea Viper Air Defence system will be upgraded with missiles featuring a new warhead and software enabling it to counter ballistic missile threats, the MoD said in a statement.The contracts were awarded to the British division of MBDA…
Ship Traffic Resumes in Bosphorus Strait After Incident
Ship traffic in Turkey's Bosphorus Strait is set to resume for northbound vessels as of 1700 GMT on Sunday, after a suspension due to an anchor failure on one ship, the Tribeca shipping agency said.According to a report shared by the agency, the Liberia-flagged tanker Peria's anchor self-released due to bad weather around the Yavuz Sultan Selim bridge area during its passage through the strait and tugs were dispatched for assistance.The ship will proceed to the Kucukcekmece anchorage area under
Drone Attack: Russia Suspends Operations at Ust-Luga
Russian energy company Novatek said on Sunday it had been forced to suspend some operations at a huge Baltic Sea fuel export terminal due to a fire started by what Ukrainian media said was a drone attack.The giant Ust-Luga complex, located on the Gulf of Finland about 170 km (110 miles) west of St. Petersburg, is used to ship oil and gas products to international markets. It processes stable gas condensate - a type of light oil - into light and heavy naphtha…
